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701 8th Street, N.W., Suite 700 Washington, DC 20001 Telephone: 202-220-6900 Fax: 202-220-6945 www.lockelord.com
Daniel P. Weitzel Direct Telephone: 202-220-6963 Direct Fax: 202-661-2610 dweitzel@lockelord.com |
July 27, 2017
VIA EDGAR
Michael R. Clampitt
Senior Staff Attorney
Office of Financial Services
United States Securities and Exchange Commission
Washington, DC 20549
| RE: | Pre-Effective Amendment No. 2 |
| PDL Community Bancorp |
| Registration Statement on Form S-1 |
| Filed April 12, 2017 and as amended on May 22, 2017 |
| File No. 333-217275 |
Dear Mr. Clampitt:
On or about May 24, 2017, we were notified by your office that the staff of the Commission had no further comments or questions relating to the above referenced filing based on its review of Pre-Effective Amendment No. 1 to the Form S-1 Registration Statement, originally filed on April 12, 2017, and the accompanying response letter. We informed the staff at that time that we could not file a completed registration statement and request acceleration of effectiveness until we had received all required bank regulatory approvals of the underlying mutual holding company reorganization transaction. We are pleased to say that we have now received all required approvals.
On behalf of PDL Community Bancorp (the “Registrant”), we are concurrently filing with the Commission Pre-Effective Amendment No. 2 with all necessary and outstanding information included. We would note that due to the length of time that it took to receive regulatory approvals the Registrant determined to include a “Recent Developments” section briefly describing the financial condition and operations of Ponce De Leon Federal Bank at June 30, 2017 and for the periods ended June 30, 2017 and 2016.
Atlanta | Austin | Boston | Chicago | Cincinnati | Dallas | Hartford | Hong Kong | Houston | London | Los Angeles | Miami
Morristown | New Orleans | New York | Providence | Sacramento | San Francisco | Stamford | Washington DC | West Palm Beach
Michael R. Clampitt
United States Securities and Exchange Commission
July 27, 2017
Page 2
On behalf of the Registrant, we are also concurrently filing with the Commission the Registrant’s acceleration request letter and the letter of Raymond James & Associates, Inc. joining in such acceleration request. Please inform the undersigned promptly at (301) 502-6220 when you have determined the effective date and time of the above referenced registration statement.
Please do not hesitate to contact me if you have further questions or you require additional information. In advance, thank you for your prompt consideration of this filing.
Very truly yours,
/s/ Daniel P. Weitzel
Daniel P. Weitzel
Enclosure
| cc: | Jessica Livingston, SEC |
| Carlos Naudon, PDL Community Bancorp |
| Frank Perez, PDL Community Bancorp |
| Vanessa Lopez, PDL Community Bancorp |
| Douglas Faucette, Locke Lord LLP |
| Benjamin Smolij, Locke Lord LLP |
| Allan Jean, Raymond James & Associates. Inc. |
| Ross Bevan, Silver, Freedman, Taff & Tiernan LLP |